CICC: HK-Listed Insurers Underweighted by Public Funds by 0.75ppts to 2.13% in 2Q
I'm LongbridgeAI, I can summarize articles.CICC reports that public funds underweighted Hong Kong-listed insurers by 0.75 percentage points to 2.13% in Q2, narrowing from Q1. Excluding AIA and Prudential, H-share Chinese life insurers were underweighted by 0.69 ppts. Individual allocations diverged: Ping An, China Life, and CPIC saw underweight positions, while NCI, PICC Group, and Sunshine Insurance were slightly overweighted. CICC maintains an 'Outperform' rating with target prices for all covered stocks.
The overall underweighting of Hong Kong-listed insurers narrowed in 2Q compared with 1Q, CICC said in a report. In 2Q, Hong Kong-listed insurers were underweighted by public funds by 0.75 ppts to 2.13%, representing an underweight of 2.32 ppts versus the sector's free-float market capitalization weighting. Excluding AIA (01299.HK) +1.700 (+2.211%) Short selling $96.75M; Ratio 11.303% and PRU (02378.HK) +1.700 (+1.508%) Short selling $345.63K; Ratio 4.892% , H-share Chinese life insurers were underweighted by 0.69 ppts to 1.78%, representing an underweight of 0.02 ppts versus the sector's free-float market capitalization weighting.
Individual stock allocations diverged. PING AN (02318.HK) +0.550 (+0.973%) Short selling $199.63M; Ratio 34.863% , CHINA LIFE (02628.HK) +0.800 (+2.878%) Short selling $132.42M; Ratio 17.591% and CPIC (02601.HK) +0.240 (+0.800%) Short selling $45.07M; Ratio 33.633% were underweighted by 0.35 ppts, 0.21 ppts and 0.12 ppts respectively. NCI (01336.HK) +0.860 (+1.777%) Short selling $15.94M; Ratio 7.556% , PICC GROUP (01339.HK) +0.070 (+1.326%) Short selling $8.10M; Ratio 9.863% and SUNSHINE INS (06963.HK) 0.000 (0.000%) Short selling $999.70K; Ratio 9.465% were slightly overweighted by 0.01 ppt, 0.04 ppts and 0.01 ppt respectively. Among H-share Chinese life insurers, PING AN recorded the largest underweight position, while NCI, CPIC and CHINA LIFE were overweighted.
Stock | Investment Rating | TP
PING AN (02318.HK) +0.550 (+0.973%) Short selling $199.63M; Ratio 34.863% | Outperform | HKD99.4
CHINA LIFE (02628.HK) +0.800 (+2.878%) Short selling $132.42M; Ratio 17.591% | Outperform | HKD44.5
CPIC (02601.HK) +0.240 (+0.800%) Short selling $45.07M; Ratio 33.633% | Outperform | HKD54.4
NCI (01336.HK) +0.860 (+1.777%) Short selling $15.94M; Ratio 7.556% | Outperform | HKD56.9
CHINA TAIPING (00966.HK) +0.440 (+2.004%) Short selling $4.06M; Ratio 3.333% | Outperform | HKD33.1
SUNSHINE INS (06963.HK) 0.000 (0.000%) Short selling $999.70K; Ratio 9.465% | Outperform | HKD5.55
PICC GROUP (01339.HK) +0.070 (+1.326%) Short selling $8.10M; Ratio 9.863% | Outperform | HKD8.85
PICC P&C (02328.HK) +0.150 (+1.007%) Short selling $29.92M; Ratio 29.245% | Outperform | HKD19.1
ZA ONLINE (06060.HK) +0.070 (+0.646%) Short selling $5.68M; Ratio 16.800% | Outperform | HKD23
CHINA RE (01508.HK) +0.010 (+0.787%) Short selling $2.22M; Ratio 14.579% | Outperform | HKD1.79
AIA (01299.HK) +1.700 (+2.211%) Short selling $96.75M; Ratio 11.303% | Outperform | HKD105.7
PRU (02378.HK) +1.700 (+1.508%) Short selling $345.63K; Ratio 4.892% | Outperform | HKD151.3
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-23 12:25.)